Can Broadcom Bounce Back?

Jun. 07, 2011 2:41 AM ETAVGO, QCOM, TX
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Tony Kau is a financial analyst and swing trader from Portland, Oregon. He was most recently employed as an Analyst/Model Developer at a hedge fund. His core strategy relies on successfully identifying trend exhaustion patterns and capitalizing on them using both stocks and options. He publishes a daily trading blog to help others benefit from the tools he has developed. To see his daily trade alerts or learn more about trend exhaustion, visit Tony's Trend Exhaustion Fund is a Contrarian, fundamentally-supported, long/short, swing trading fund, seeking to identify pricing trends of individual equities that appear to be exhausted and due for a reversal. The Trend Exhaustion identification and ranking system is also employed as an entry/exit timing mechanism for a market-neutral hedge fund.

 After a 12% drop on a 5% guidance reduction in April, analysts and investors arestarting to see Broadcom Corp. (Nasdaq: BRCM) as a value opportunity. Last week, Broadcom, a manufacturer of semiconductors for wired and wireless communication, even led the IU25 index following positive analyst attention. Let's take a closer look at the outlook and numbers to determine whether this is a buying signal, or just a brief pause on a long-term decline.

Compared to direct competitors 

That said, Broadcom is the leader in its niche... (Continue reading on

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